Elon Musk says Tesla open to buying a mining company
While the auto giant has EV metals contracts with suppliers across the globe, its goal to produce 20 million vehicles annually by 2030 will require vastly more supplies of metals.
While the prices for key battery minerals have so far been subdued in 2019, the general excitement about the future wide adoption of EVs continues to fuel activity.
The company's proposed production facility at Kwinana, near Perth in Western Australia, would manufacture battery graphite worth $72 million a year for export.